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The cornerstone of Saudi Arabia’s economic future is its ability to compete with other nations. This means creating a climate in which innovation, excellence and competitiveness are prioritized. This is the challenge facing today’s Saudi and one that has inspired SAGIA to embark on its most ambitious project to date – to position KSA as one of the world’s top 10 most competitive economies by 2010. This is the 10x10 mission.
The NCC is spearheading a new attitude to competition and achievement throughout Saudi Arabia.
Established by SAGIA in 2006, the National Competitiveness Center (NCC) is passionate about its role in Saudi’s future. Its presence heralds a new attitude to achieving excellence that will help drive sustainable prosperity throughout the nation.
With the achievement of 10x10 firmly in its sights, the NCC has three main purposes: to act as a think tank, a facilitator and a communicator of change. Here’s how it works.
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NCC as a think tank
Research plays a critical role in Saudi’s change process. To find out what works and what doesn’t the NCC is monitoring the implementation and results of change programs as well as assessing the competitiveness of the economy. This fundamental, grass-roots work will help to spur modernization throughout the business environment and inspire greater competitiveness.
Recent initiatives include:
• A thorough assessment of Saudi’s competitiveness, using the World Economic Forum’s Global Competitiveness Index
• A plan to eliminate the minimum capital requirement for Limited Liability Companies and to monitor the progress of its implementation
• Collaborating with SAGIA sector heads on initiatives designed to boost competitiveness. For example, the upgrading of ICT infrastructure and improving primary school enrolment rates
• Measuring the success of the KSA’s competitiveness change efforts through the monitoring of three globally accepted measures of competitiveness and related indicators to evaluate progress towards 10x10
NCC as a facilitator
The NCC is a vibrant force for change and it’s committed to sharing its knowledge and enthusiasm wherever it identifies new opportunities for improvement. It creates forums for discussion between the public and private sectors that help to enhance understanding and collaboration. |